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US inflation expectations slid to their lowest level of the year on Thursday, in a further sign that the so-called Trump trade is on pause.

Benchmark 10-year breakeven rates, a market measure of inflation expectations, fell to 1.95 per cent, their lowest level since the end of December. Other indicators have also dipped lower, including 5-year breakeven rates.

Copyright The Financial Times Limited 2017. All rights reserved.

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